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Feb 12, 2013
02/13
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WJLA
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public approving of his general approach to creating jobs, investing in jobs right now, lowering the deficit over the long-term with a mix of spending cuts and revenue increases. and the president knows there's a big showdown coming up. these automatic across the board spending cuts kick in on march first. government could shout down at the end of march. you talk to both sides right now, that is coming. so, the president wants to make the best case tonight. it will be confrontational. >> and senator rubio is going to be giving the answer from the republicans. what do you expect from that? >> reporter: he's a rising star in the republican party. already talked about as a possible presidential pick in 2016. he will also focus on the middle class and say that economic growth is the best way to do that but disagree with the way the president does it. look for him to personalize this, talk about his family. one place where there may be common ground, immigration reform. the president and senator rubio are quite close on immigration reform and both believe it can be done this year. >> all right, w
public approving of his general approach to creating jobs, investing in jobs right now, lowering the deficit over the long-term with a mix of spending cuts and revenue increases. and the president knows there's a big showdown coming up. these automatic across the board spending cuts kick in on march first. government could shout down at the end of march. you talk to both sides right now, that is coming. so, the president wants to make the best case tonight. it will be confrontational. >>...
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Feb 12, 2013
02/13
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FBC
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he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create three and a half million jobs. more than 90 percent of these jobs will be in the private sector, jobs rebuilding our roads and bridges, constructing wind turbines in solar panels, laying broadband and expanding mass transit. gerri: not a chance. instead, according to the heritage foundation, the economy is over seven and a half million jobs in the hole and don't forget obamacare. >> this budget builds on these reforms and includes an historic commitment to comprehensive health care reform, a down payment on the principle that we must have quality affordable health care for every american. [applause] it is a commit
he pledged to cut the deficit in half. >> yesterday i held the fiscal somewhere applies to cut the deficit in half by the end of my first term office. my administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. gerri: did that happen? no. instead, obama average deficit of nearly three times that of his predecessor. here is another promise from 2009. >> over the next two years this plan will save or create...
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Feb 12, 2013
02/13
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CNBC
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. >> industrial demand in platinum and a supply deficit in platinum. >> all right. guy? >> funny you should bring up bacon, mel. >> why? >> i don't know if this is the top trade of the day necessarily, but you scoffed at me, at jack -- >> you always say i scoff, but i -- >> you do scoff, unrelated to this. >> jack in the box has been a monster. i understand valuation is a stretch. and i understand that people bet against the stock and lose. i think they will continue to do so into earnings, which i believe come out next week. >> why is that speaking of bacon. >> don't they make burgers and those things -- >> i don't know. it's your trade. >> qdoba, we're going there for valentine's day. >> that's your present to me? you just blew it. no surprise. karen? >> xlf. we own a number of, you know, jpmorgan, bank of america, citibank, but i like the xlf. i would still, if you want want to pick a particular name, i know it was up a fair amount recently, but i think we're not so far along in the story of recovering in financials. >> and beekers? >> well, my top trade is just the m
. >> industrial demand in platinum and a supply deficit in platinum. >> all right. guy? >> funny you should bring up bacon, mel. >> why? >> i don't know if this is the top trade of the day necessarily, but you scoffed at me, at jack -- >> you always say i scoff, but i -- >> you do scoff, unrelated to this. >> jack in the box has been a monster. i understand valuation is a stretch. and i understand that people bet against the stock and lose. i...
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Feb 12, 2013
02/13
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FOXNEWS
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like on raising taxes, the size of government, the deficit. that's where republicans win and that's what we should be talking about. >> all right. if they stick to a very simple agenda do you stick with those who say maybe republicans stay off the social issues or if you talk about it. >> no. >> sean: got to run for office, have an answer for abortion. i mean, that's, that's fair. >> no, i mean, what was so upsetting to pro lifers like me about aiken and murdoch mulling about what should happen to a mawoman in the case of rape and all the hard work done by intelligent pro-lifers winning issue after issue and raising partial term abortion and parental-- and we want to save the 99% of babies not the result of rape, and we'd like the death penalty, but supreme court should no on that on criminal issues mentally ill and women concealed to carry and protect themselves. not granting amnesty for illegal aliens, that's where republicans win, not on look what obama did a couple of years ago. >> sean: ann coulter, good to see you. we need the three legs
like on raising taxes, the size of government, the deficit. that's where republicans win and that's what we should be talking about. >> all right. if they stick to a very simple agenda do you stick with those who say maybe republicans stay off the social issues or if you talk about it. >> no. >> sean: got to run for office, have an answer for abortion. i mean, that's, that's fair. >> no, i mean, what was so upsetting to pro lifers like me about aiken and murdoch mulling...
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Feb 12, 2013
02/13
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FBC
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and, you know shrinking national debt, and deficit is hugely important. but for many young voters, they have huge student loan debt, they can't find a job, they are asking republicans what is your answer to make my life better off. neil: ron's answer is pick yourself up by your boots straps and figure it out. >> no it is to empower the private sector, but government, which is heavily unionized does not employee young people, the government balloon, youth unemployment has skyrocketed. we need to empower the private sector by cutting taxes and cutting government spending, government spending that money comes from some where, it comes from a job creator who will spend that money, every time someone says any os government g stimulates the economy, where do they get that money from. >> i will say, if i'm an 18-year-old kid, and i want to go to college, and i look at a party that wants to cut pehl grants, these are not people on my side, they have a communication problem and also a policy problem, it seems to be you are taking away money from student grants. ne
and, you know shrinking national debt, and deficit is hugely important. but for many young voters, they have huge student loan debt, they can't find a job, they are asking republicans what is your answer to make my life better off. neil: ron's answer is pick yourself up by your boots straps and figure it out. >> no it is to empower the private sector, but government, which is heavily unionized does not employee young people, the government balloon, youth unemployment has skyrocketed. we...
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Feb 11, 2013
02/13
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MSNBC
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white house says that every one of the president's proposals will be paid for and will not add to the deficit, and of course, it is how he pays for it that is going to be the debate point. after his tuesday night speech, president obama hits the road for a three-day tour, and stops in asheville, north carolina, wednesday and atlanta on thursday and chicago on friday. and here's what we will make the state of the union different than other presidential addresses to congress. it won't just frame the coming year, but the budget battles to take place in the next three to six weeks. it starts with the $85 billion in budget cuts coming march 1st if nothing is done to alter the so-called sequester. according to the white house, the president will continue to press congress on the fiscal issues with tax reform and tax hikes and entitlements and he previewed that message in his weekend. >> there is no reason that middle-class families and small businesses should suffer because washington could not come together and eliminate a few special interest tax loopholes or government programs that just don't w
white house says that every one of the president's proposals will be paid for and will not add to the deficit, and of course, it is how he pays for it that is going to be the debate point. after his tuesday night speech, president obama hits the road for a three-day tour, and stops in asheville, north carolina, wednesday and atlanta on thursday and chicago on friday. and here's what we will make the state of the union different than other presidential addresses to congress. it won't just frame...
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Feb 10, 2013
02/13
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CNNW
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you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles-simpson was all about, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health care. and that is something we have to do. i think the president could get some things if, in fact, he addressed some of these longer term issues but he walked away from that and there's no confidence that he really cares about it. >> let's talk about common -- noneconomic things. i would have thought y
you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think...
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Feb 10, 2013
02/13
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CNN
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reduction, that the least emphasized method of reducing the deficit, we talk about spending, revenue, growth. he wants to emphasize that we need to make investments in infrastructure, in education, in manufacturing, in clean energy and we'll hear about that. >> and the cloud hanging over all of this is the fact that there is this discussion about, in what, two something weeks, the entire budget process could be turned on its head with this so-called sequestration, right? across-the-board cuts and we have the two sides that seem as far apart as ever on this issue. that is going to have a real impact both on the politics of what's going on in washington as well as the economy. >> i was struck by your interview with rand paul, the sequestration was a pittance. that's a lot of money and you have the defense secretary and john brennan, lots of people saying the sequestration is a threat to the nation's security at this point, and yet rand paul is calling this a pittance, a tea party response to marco rubio. which shows you that the republicans still have this ideological pull against them
reduction, that the least emphasized method of reducing the deficit, we talk about spending, revenue, growth. he wants to emphasize that we need to make investments in infrastructure, in education, in manufacturing, in clean energy and we'll hear about that. >> and the cloud hanging over all of this is the fact that there is this discussion about, in what, two something weeks, the entire budget process could be turned on its head with this so-called sequestration, right? across-the-board...
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Feb 10, 2013
02/13
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CSPAN
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you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid.you have been that today. it is not a prerequisite to do that to be director of c.i.a.-- to be a man of congeniality to be director of the c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan. governor christie exhibits the same kind of responses and has a pretty high approval rating. so we will go forward with taking you at your word. we will have the kind of relationship where we can have a blunt, straight forward, fully disclosed working relationship. i think it is critical for us to provide oversight, the ability for us to have the right kind of agencies so we know where each other is and move forward together in terms of what needs to be done to provide intelligence to that ne
you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid.you have been that today. it is not a prerequisite to do that to be director of c.i.a.-- to be a man of congeniality to be director of the c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the...
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Feb 9, 2013
02/13
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CSPAN
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it is easy for the public to focus on the debt and deficit and what is going on in washington. there is still some growth out there. the housing sector is coming back. the auto sector is coming back. those are positives that get completely put back to the forefront when everyone is talking about the debt. host: tom, elkhart, indiana. on our democrat line. caller: elkhart is the recreational vehicle capital. we went down on that in 2007 when the oil prices went up. we are manufacturing housing. we are the musical manufacturing capital. for band and treatments and such. they are made here anymore. are headquartered here, but the work is not here. i do not see how this works. host: were you at the president 's speech in 2009? what did you think when the president came to town? caller: it was helpful. he is doing what he can. he has faced a lot of resistance. it is postindustrial. i am working in michigan four eight federally subsidized wheelchair van. mostly my passengers are senior citizens and disabled people. the 47% that romney talked about. host: we will move on to charles, a
it is easy for the public to focus on the debt and deficit and what is going on in washington. there is still some growth out there. the housing sector is coming back. the auto sector is coming back. those are positives that get completely put back to the forefront when everyone is talking about the debt. host: tom, elkhart, indiana. on our democrat line. caller: elkhart is the recreational vehicle capital. we went down on that in 2007 when the oil prices went up. we are manufacturing housing....
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Feb 9, 2013
02/13
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FOXNEWS
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. >> our deficit is a big problem. think about it. our national debt, 16.5 trillion dollars? you think that's not a lot of money in tell you what, count one number per second. you know how long it will take to count to 16 trillion? 507,000 years. you make $10 billion, you put in a billion. you make $10, you put in one. some people say that's not fair because it doesn't hurt the guy to made $10 billion as much as -- where does it say you have to hurt the guy? he just put a billion dollars in the pot. we don't need to hurt him. >> a lot of people say his speech eclipsed that of president obama who -- i don't portend to be in the mind of president obama but he didn't look delighted. >> i would like to get in hit mind. loathing on his face. that's one of the more coherent defenses of flat tax. >> start counting. >> why shouldn't every citizen pay the same rate? >> why does it have to be punitive is -- >> exactly. the sure pleasure of punishing someone. >> i found out sean hannity has more power than i do. he got his on his show. here he is. >> well, you know, obviously i had all
. >> our deficit is a big problem. think about it. our national debt, 16.5 trillion dollars? you think that's not a lot of money in tell you what, count one number per second. you know how long it will take to count to 16 trillion? 507,000 years. you make $10 billion, you put in a billion. you make $10, you put in one. some people say that's not fair because it doesn't hurt the guy to made $10 billion as much as -- where does it say you have to hurt the guy? he just put a billion dollars...
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Feb 9, 2013
02/13
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FOXNEWS
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listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars in the pot. you know, we don't need hurt him. >> amazing speech. move over, president obama, the doctor is in the house. joining me the author of "america the beautiful, a director of pediatric neurosurgery, dr. benjamin carson. doctor, that speech moved me deeply. what's been the reaction so far? >> the reaction has been overwhelming. we've been deluged with emails, with calls. 99.5% positive. >> sean: wow. >> that doesn't surprise me, because the way that i lay things out was really logical. it wasn't right wing, it wasn't left wing. it was just logic and common
listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars...
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Feb 8, 2013
02/13
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MSNBC
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. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the targeting of u.s. citizens. is there a current trust deficit between the senate intelligence committee and the administration, and can someone like john brennan heal it or not? >> he did move in the right direction in a number of areas. i was very pleased when he said that if a mistake was made on a targeted killing matter, he'd make a public acknowledgement, something like that. i think he did take some steps in the right direction and the president did as well when he called on wednesday night and said he would reverse course and make additional materials available with respect to the legal analysis for targ
. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the...
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Feb 8, 2013
02/13
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trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet from out of my mitten to the pavement and it's gone. >> it's like every six months for you. >> do you have a case? >> now i'm going to spend money on the case? so i have a blackberry filling in. brian, look at this. whoops. oh, i dropped it. let me see. do i have to buy a new one? look. >> and it still works? >> it still works. it's unbelievable. look. that happened. i did that to the iphone yesterday and it cracked and it turned black, and now we must replace it. >> my wife has the -- >> sam, check that, see if it works. >> the only basically indestructible case for the
trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet...
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Feb 8, 2013
02/13
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MSNBC
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house is saying, yeah, we want tax reform, we want to look at these issues, but we want to do it in a deficit-neutral way so that we will lower tax rates and eliminate these loopholes. to my mind just this one piece of legislation, which i think is a sensible piece of legislation, support i believe by the vast majority of the people in this country, could bring in all by itself close to $600 billion in a ten-year period. the choice as americans that we face, do you cut programs that the middle class and working people desperately need or do you ask finally large corporations who have gotten away with murder for years to start paying their fair share? >> even if we weren't looking at cuts at the big three, this is still terribly wrong. there's still no fairness in this game whatsoever. and they have lobbyists have gamed this all the way to the floor of the senate. and there's no question that it needs to be changed. and if this election was about change and if it's about fairness for the middle class, i would expect every progressive group and every democrat and the president to get on board big-time
house is saying, yeah, we want tax reform, we want to look at these issues, but we want to do it in a deficit-neutral way so that we will lower tax rates and eliminate these loopholes. to my mind just this one piece of legislation, which i think is a sensible piece of legislation, support i believe by the vast majority of the people in this country, could bring in all by itself close to $600 billion in a ten-year period. the choice as americans that we face, do you cut programs that the middle...
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Feb 8, 2013
02/13
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CSPAN
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you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan. governor christie exhibits the same kind of responses and has a pretty high approval rating. so we will go forward with taking you at your word. we will have the kind of relationship where we can have a blunt, straight forward, fully disclosed working relationship. i think it is critical for us to provide oversight, the ability for us to have the right kind of agencies so we know where each other is and move forward together in terms of what needs to be done to provide intelligence to that needs to be done to protect the american people. i wanted to say that. i want to follo
you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan....
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. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. ♪ they said go to school and be a college kid -- melissa: the student loan catastrophe we are seeing all around us, colleges and universities now suing graduates that aren't paying back their loans. the number of students defaulting on their perkins loans, though --
. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better...
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Feb 7, 2013
02/13
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CSPAN
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the deficit is a big problem. think about it. our national debt, $16.5 trillion. you think that is not a lot of money? count one number per second -- one number per second. how long will it take you to count to 16 trillion? 500-7000 years. -- 500-7000 -- 5700 years. here is a parable -- a family lands on hard times. the father comes to the five children and says, we will have to reduce your allowance. they are not happy about it, but he says, except for johnny and susan, they are special. they get to keep their allowance. in fact, we might give them more. how do you think that will go down? not too well. same thing happens. what about our taxation system? so complex, there is no one who can possibly comply with every tax issue. if i want to get you, i can get you on a tax issue. that does not make any sense. what we need to do is come up with something that is simple. when i pick up my bible, you know what i see? i see the fairest individual in the universe, god, giving us a system. called tight. we do not necessarily have to do it at 10%, but the principle. he di
the deficit is a big problem. think about it. our national debt, $16.5 trillion. you think that is not a lot of money? count one number per second -- one number per second. how long will it take you to count to 16 trillion? 500-7000 years. -- 500-7000 -- 5700 years. here is a parable -- a family lands on hard times. the father comes to the five children and says, we will have to reduce your allowance. they are not happy about it, but he says, except for johnny and susan, they are special. they...
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Feb 7, 2013
02/13
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during my courtesy calls with many of you i heard repeated references to a trust deficit that has at times existed between this committee and the cia. if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me and i would make it my goal on day one of my tenure and every day thereafter to strengthen the trust between us. i have a representation for speaking my mind and at times doing so in a rather direct manner which some attribute to my new jersey roots. i like to think that my candor and bluntness will reassure you to get straight answers from me, maybe not always the ones you like but you will get answers and reflect any honest views. that's the commitment i make to you. i would like to finish by saying a few words about the importance of taking care of the women and men who serve in the cia. because of the secrecy that intelligence work requires, few americans will ever know the extraordinary sacrifices that these professionals and their families make every day. many of them risk their lives and at times have given their lives to keep
during my courtesy calls with many of you i heard repeated references to a trust deficit that has at times existed between this committee and the cia. if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me and i would make it my goal on day one of my tenure and every day thereafter to strengthen the trust between us. i have a representation for speaking my mind and at times doing so in a rather direct manner which some attribute to my new jersey...
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Feb 7, 2013
02/13
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CSPAN
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you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan. governor christie exhibits the same kind of responses and has a pretty high approval rating. so we will go forward with taking you at your word. we will have the kind of relationship where we can have a blunt, straight forward, fully disclosed working relationship. i think it is critical for us to provide oversight, the ability for us to have the right kind of agencies so we know where each other is and move forward together in terms of what needs to be done to provide intelligence to that needs to be done to protect the american people. i wanted to say that. i want to follo
you addressed it today in terms of trust deficit, you said that was unacceptable. you would give straight answers and be blunt and candid. it is not a prerequisite to do that to be director of c.i.a. so i don't hold that as -- it would probably be a red flag if someone had that award and wanted your position. the kind of issues you have to deal with require straight talk, straight answers, and getting to the chase real quickly. you said it is the new jersey way, i accept that, it is bipartisan....
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Feb 7, 2013
02/13
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is just and what is the surest way to create a more hopeful for our children and how we reduce the deficit and what tax plans we will have, how we are going make sure that every child is getting a great education and doctorate is encouraging to me that you turn out well by mom not letting you watch tv. i will tell my daughter that is when they complain. in the midst of all these debates, we must keep that same humility that dr. king and washington and all our great leaders understood at the core of true leadership. in a democracy as big and diverse as ours, we will encounter every opinion. our task as citizens whether we are leaders in government or business or spreading the word, to suspend our days with open hearts and open minds. to seek out the truth that exists in an opposing view and find the common ground that allows for us as a nation and a people to take real and meaningful action. we have to do that humbly for no one can know the full and encompassing mind of god and we have to do it every day and not just as a prayer breakfast. this is now our fifth prayer breakfast and it is al
is just and what is the surest way to create a more hopeful for our children and how we reduce the deficit and what tax plans we will have, how we are going make sure that every child is getting a great education and doctorate is encouraging to me that you turn out well by mom not letting you watch tv. i will tell my daughter that is when they complain. in the midst of all these debates, we must keep that same humility that dr. king and washington and all our great leaders understood at the...
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last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the sequester would hurt the pentagon. that's why they're talking about the d.c. area. >> can you raise my hand and say i'm one republican that would agree with that? we've got to cut defense spending. >> we have to. >> we've got to, and we've got to cut spending. >> willy-nilly, though. so the sequester is willy-nilly, isn't it? you wouldn't want to cut having the sequester do it? >> didn't congress make the sequester? >> that was a carrot and stick situation. the sequester is the stick. >> the problem is you can't get the president of the united states to put alternative cuts on the board. he'll talk in generali
last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the...
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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. >> reporter: a $15 billion budget deficit has done what neither rain nor sleet nor snow could do. >> the choice is either change some of the service or raise prices. and people don't want prices raised. we'll make the changes in service. >> hello. >> how are you today? >> i'm great, thanks. >> reporter: lorenzo hudson has been making the rounds in great neck, new york, for more than 20 years. he was featured in a postal service tv commercial that ran during the super bowl pregame show. >> we don't want to see the business go under, because they couldn't get rid of saturday or because they didn't get rid of saturday, but at the same time, i, you know, i want the perfect world. i want us to be able to stay with saturday delivery. >> reporter: in recent years, the volume of first-class mail has plunged as more and more people pay bills online and communicate with e-mail. in response, post offices have been closed, the price of a stamp raised, but nothing has staunched the flow of red ink. ending saturday service could save about $2 billion a year. while it may make financial sense, few
. >> reporter: a $15 billion budget deficit has done what neither rain nor sleet nor snow could do. >> the choice is either change some of the service or raise prices. and people don't want prices raised. we'll make the changes in service. >> hello. >> how are you today? >> i'm great, thanks. >> reporter: lorenzo hudson has been making the rounds in great neck, new york, for more than 20 years. he was featured in a postal service tv commercial that ran during...